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Goldman Sachs Executive Dina Powell McCormick to Depart for Merchant Bank

May 30, 2023 / no comments

The Wall Street veteran is set to assume the newly created roles of vice chairman and president of global client services at BDT & MSD Partners, a merchant bank run by former Goldman bankers.

Home Prices Rise for Second Straight Month

May 30, 2023 / no comments

The Case-Shiller index climbed 0.4% in March as a shortage of homes for sale spurred competition among home buyers.

There Were Runs on Banks, Not on Insurers. Here’s Why.

May 30, 2023 / no comments

Annuities are full of penalties for cashing out, deterring investors from seeking higher rates.

Climate Shareholder Activists Rethink Their Fight Amid Setbacks

May 30, 2023 / no comments

Climate-focused shareholder activists have scored only a few victories in their efforts to push oil giants to adopt cleaner business strategies.

AI Threat Placed on Par With Pandemics, Nuclear War

May 30, 2023 / no comments

Tech executives and artificial-intelligence scientists are sounding the alarm about AI, saying that the technology poses an extinction risk as great as pandemics and nuclear war.

Fast Fashion’s Curious Comeback

May 30, 2023 / no comments

Shein is getting buzz, but how sustainable is fast fashion as a business model?

Diners Are Fed Up With Minimal Service. Will a Little Warmth Win Them Back?

May 30, 2023 / no comments

As prices rise and seasoned help is harder to find, some restaurants are trying to provide a more welcoming experience for their underwhelmed guests.

Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar

May 30, 2023 / no comments

Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.

Inside Samsung’s and Apple’s Manufacturing Moves Outside of China

May 30, 2023 / no comments

A range of geopolitical factors are pushing tech giants to relocate their operations from China. Here’s a closer look at the strategy behind Samsung’s and Apple’s manufacturing moves outside of China.

Hyundai, Kia Thefts Continue Months After Fix

May 30, 2023 / no comments

The automakers rolled out a software fix in February aimed at stopping a surge in vehicle thefts, but the problem continues to plague car owners.

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